Methods for MADM with Picture Fuzzy Muirhead Mean Operators and Their Application for Evaluating the Financial Investment Risk

In this article, we study multiple attribute decision-making (MADM) problems with picture fuzzy numbers (PFNs) information. Afterwards, we adopt a Muirhead mean (MM) operator, a weighted MM (WMM) operator, a dual MM (DMM) operator, and a weighted DMM (WDMM) operator to define some picture fuzzy aggr...

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Main Authors: Rui Wang, Jie Wang, Hui Gao, Guiwu Wei
Format: Article
Language:English
Published: MDPI AG 2018-12-01
Series:Symmetry
Subjects:
Online Access:http://www.mdpi.com/2073-8994/11/1/6
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author Rui Wang
Jie Wang
Hui Gao
Guiwu Wei
author_facet Rui Wang
Jie Wang
Hui Gao
Guiwu Wei
author_sort Rui Wang
collection DOAJ
description In this article, we study multiple attribute decision-making (MADM) problems with picture fuzzy numbers (PFNs) information. Afterwards, we adopt a Muirhead mean (MM) operator, a weighted MM (WMM) operator, a dual MM (DMM) operator, and a weighted DMM (WDMM) operator to define some picture fuzzy aggregation operators, including the picture fuzzy MM (PFMM) operator, the picture fuzzy WMM (PFWMM) operator, the picture fuzzy DMM (PFDMM) operator, and the picture fuzzy WDMM (PFWDMM) operator. Of course, the precious merits of these defined operators are investigated. Moreover, we have adopted the PFWMM and PFWDMM operators to build a decision-making model to handle picture fuzzy MADM problems. In the end, we take a concrete instance of appraising a financial investment risk to demonstrate our defined model and to verify its accuracy and scientific merit.
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spelling doaj.art-0743271221b047c58c2106ba265ea6be2022-12-22T03:19:04ZengMDPI AGSymmetry2073-89942018-12-01111610.3390/sym11010006sym11010006Methods for MADM with Picture Fuzzy Muirhead Mean Operators and Their Application for Evaluating the Financial Investment RiskRui Wang0Jie Wang1Hui Gao2Guiwu Wei3School of Business, Sichuan Normal University, Chengdu 610101, ChinaSchool of Business, Sichuan Normal University, Chengdu 610101, ChinaSchool of Business, Sichuan Normal University, Chengdu 610101, ChinaSchool of Business, Sichuan Normal University, Chengdu 610101, ChinaIn this article, we study multiple attribute decision-making (MADM) problems with picture fuzzy numbers (PFNs) information. Afterwards, we adopt a Muirhead mean (MM) operator, a weighted MM (WMM) operator, a dual MM (DMM) operator, and a weighted DMM (WDMM) operator to define some picture fuzzy aggregation operators, including the picture fuzzy MM (PFMM) operator, the picture fuzzy WMM (PFWMM) operator, the picture fuzzy DMM (PFDMM) operator, and the picture fuzzy WDMM (PFWDMM) operator. Of course, the precious merits of these defined operators are investigated. Moreover, we have adopted the PFWMM and PFWDMM operators to build a decision-making model to handle picture fuzzy MADM problems. In the end, we take a concrete instance of appraising a financial investment risk to demonstrate our defined model and to verify its accuracy and scientific merit.http://www.mdpi.com/2073-8994/11/1/6MADMpicture fuzzy set (PFS)PFMM operatorPFWMM operatorPFDMM operatorPFWDMM operatorfinancial investment risk
spellingShingle Rui Wang
Jie Wang
Hui Gao
Guiwu Wei
Methods for MADM with Picture Fuzzy Muirhead Mean Operators and Their Application for Evaluating the Financial Investment Risk
Symmetry
MADM
picture fuzzy set (PFS)
PFMM operator
PFWMM operator
PFDMM operator
PFWDMM operator
financial investment risk
title Methods for MADM with Picture Fuzzy Muirhead Mean Operators and Their Application for Evaluating the Financial Investment Risk
title_full Methods for MADM with Picture Fuzzy Muirhead Mean Operators and Their Application for Evaluating the Financial Investment Risk
title_fullStr Methods for MADM with Picture Fuzzy Muirhead Mean Operators and Their Application for Evaluating the Financial Investment Risk
title_full_unstemmed Methods for MADM with Picture Fuzzy Muirhead Mean Operators and Their Application for Evaluating the Financial Investment Risk
title_short Methods for MADM with Picture Fuzzy Muirhead Mean Operators and Their Application for Evaluating the Financial Investment Risk
title_sort methods for madm with picture fuzzy muirhead mean operators and their application for evaluating the financial investment risk
topic MADM
picture fuzzy set (PFS)
PFMM operator
PFWMM operator
PFDMM operator
PFWDMM operator
financial investment risk
url http://www.mdpi.com/2073-8994/11/1/6
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